Dan Frey Home Loans
Call Dan

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$416,166$416,166$468,000
Remaining term (yrs)25.925.930.0
Secondary amount$0$51,834$0
Funding fee$0$0$0
Note rate5.550%5.550%7.320%
Blended rate6.400%6.688%7.560%
1st payment$2,522.65$2,522.65$3,214.84
2nd payment$0.00$388.75$0.00
Taxes / mo$236.67$236.67$236.67
Insurance / mo$166.67$166.67$166.67
MI / mo$312.98$312.98$93.60
HOA / mo$0.00$0.00$0.00
Total monthly$3,238.96$3,627.71$3,711.77
Cash to close$103,834$52,000$52,000